Raisio withdraws its guidance for 2020, gives a new guidance as visibility improves
Raisio Plc, Stock Exchange Release 29th July, 2020
Due to the potential second wave of the COVID-19 pandemic and the prolonged state of the pandemic in general, Raisio withdraws its outlook for 2020. Unexpected changes in consumer behaviour caused by the pandemic continue to inflict significant insecurity in our different markets during the second half of the year.
Raisio’s previous guidance 12th February, 2020:
In 2020, Raisio expects its net sales for continuing operations to grow (2019: EUR 236.3 million) and comparable EBIT to be over 10 per cent of net sales.
Raisio will issue a new outlook in case the situation stabilizes.
Further information:
Mika Saarinen
Director
Treasury, Investor Relations and Communications
+358 (0) 400 726808
RAISIO PLC
Raisio is an international company specialized in healthy, responsibly produced food, ingredients and fish feeds. Our well-known brands include, for example, Benecol, Elovena, Sunnuntai, Torino and Benella. In Raisio’s products, the focus is on well-being, health, good taste and sustainable development. Profitable growth is ensured through our strong expertise and passion for creating new. Raisio’s shares are listed on Nasdaq Helsinki Ltd. In 2019, the Group’s net sales totaled EUR 236 million and EBIT was EUR 27 million. Our food is good for Health, Heart and Earth. For more information on Raisio go to www.raisio.com.